The board had Babbitt Ranches officially a constitution adopted to guide the future of the family business. Babbitt Ranches was a fourth-generation, 122 year-old family with large landholdings in Arizona. The Company has recognized board responsibility and commitment to organizational, environmental, economic and community values ​​over several bottom-line criteria in the new constitution. Moreover, the constitution of the family heritage reinforced outlines a philosophy desig … Read more »

The board had Babbitt Ranches officially a constitution adopted to guide the future of the family business. Babbitt Ranches was a fourth-generation, 122 year-old family with large landholdings in Arizona. The Company has recognized board responsibility and commitment to organizational, environmental, economic and community values ​​over several bottom-line criteria in the new constitution. Moreover, the constitution of the family heritage reinforced outlines a philosophy designed to direct processes, interactions and critical decisions. Several business opportunities have been considered by the Board, which may be provided using the framework of the Constitution. The challenge for Billy Cordasco, president of the company was to operationalize the Constitution, in order to evaluate the current set of opportunities and ensure that the Constitution has been used as a “touchstone” for firm decisions constantly.
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from
Lisa F Majure,
Kathryn S Savage
Source: North American Case Research Association (NACRA)
24 pages.
Publication Date: Jul 15, 2010. Prod #: NA0068-PDF-ENG
Babbitt Ranches: Governance and Strategic Planning in a Family Business HBR case solution